Csenge Advisory Group Acquires Shares of 70,360 Altria Group, Inc. $MO

Key Points

• Csenge Advisory Group acquired 70,360 Altria shares in the second quarter, valued at approximately $5.06 million. Institutional investors and hedge funds collectively own 57.41% of the company.
• Two Altria directors sold a combined 7,790 shares in May for approximately $563,448; insiders own just 0.10% of the stock.
• Analysts have a consensus “Hold” rating with a $70.11 price target. Altria’s latest quarterly revenue slightly exceeded estimates, but EPS of $1.48 fell short of the $1.50 consensus.

Csenge Advisory Group acquired a new stake in Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 70,360 shares of the company's stock, valued at approximately $5,062,000.

Other large investors have also made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Altria Group in the 2nd quarter valued at $26,000. Darwin Wealth Management LLC purchased a new stake in Altria Group in the 2nd quarter worth $27,000. Navalign LLC acquired a new position in Altria Group during the fourth quarter worth $28,000. Miller Capital Partners Inc. acquired a new position in Altria Group during the fourth quarter worth $29,000. Finally, Hughes Financial Services LLC lifted its holdings in Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock valued at $29,000 after purchasing an additional 197 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director directly owned 25,102 shares of the company's stock, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MO has been the topic of several research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a research report on Tuesday, July 14th. UBS Group upped their price target on shares of Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Morgan Stanley set a $71.00 price target on shares of Altria Group in a research note on Friday, May 1st. Jefferies Financial Group lifted their price objective on Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.11.

Altria Group Stock Down 1.6%

Shares of MO opened at $65.87 on Friday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The stock has a fifty day simple moving average of $70.20 and a two-hundred day simple moving average of $68.81. The company has a market capitalization of $109.99 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company's revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group Company Profile

Altria Group, Inc NYSE: MO is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company's operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria's principal operating businesses include Philip Morris USA (cigarettes), U.S.

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